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SoFi Technologies, Inc. - SOFI STOCK NEWS

Welcome to our dedicated page for SoFi Technologies news (Ticker: SOFI), a resource for investors and traders seeking the latest updates and insights on SoFi Technologies stock.

SoFi Technologies, Inc. (symbol: SOFI) is a forward-thinking financial services company founded in 2011 and headquartered in San Francisco. Initially renowned for its student loan refinancing, SoFi has significantly broadened its product lineup to cater to a wide array of financial needs. Today, SoFi offers personal loans, credit cards, mortgages, investment accounts, banking services, and comprehensive financial planning, making it a one-stop financial hub for its members.

One of SoFi's standout features is its commitment to empowering members to achieve financial greatness through innovative products and exceptional service. The company operates primarily through its user-friendly mobile app and website, providing fast, seamless access to financial tools and services.

In 2020, SoFi expanded its capabilities by acquiring Galileo Financial Technologies, a move that strengthened its infrastructure for payment processing and digital banking. This acquisition allows SoFi to offer enhanced debit card services and account management solutions.

Recent Achievements and Current Projects:

  • SoFi has continued to innovate with new product launches and updates, including improved investment tools and expanded banking features.
  • The company has forged strategic partnerships to enhance its service offerings and reach.
  • SoFi maintains a strong focus on community engagement, providing resources and support to help members succeed in their financial journeys.

SoFi's financial condition remains robust, underpinned by a clear strategy for growth and a commitment to delivering value to its members. The company's recent initiatives and partnerships reflect its dedication to being a leader in the financial services sector.

For the latest updates and in-depth information about SoFi Technologies, Inc., including performance metrics and recent developments, visit their official website or follow their news releases.

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SoFi becomes presenting sponsor of TGL, the new tech-forward, primetime, team golf league developed by Tiger Woods and Rory McIlroy’s TMRW Sports. The purpose-built arena in Palm Beach will be named the SoFi Center. SoFi aims to build brand awareness and trust through sports partnerships. TGL offers a new way for sports fans to experience golf with advanced technology. 12 top PGA TOUR players have committed to playing in TGL. Currently, 5 of the top 10 players in the world are participating. Four of six team ownership groups have been announced.
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DCM promotes three new partners within its investment team, David Cheng, Kenichiro Hara, and Fiona Huang.
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SoFi will rely on RiskExec's software for compliance and reporting purposes.
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SoFi to participate in Goldman Sachs Communacopia + Technology Conference
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SoFi Technologies, Inc. (NASDAQ: SOFI) integrates Cyberbank Konecta AI engine, improving inquiry response time by over 65% and increasing member satisfaction. Galileo's technology enables cost reduction and improved customer service performance by 7%, addressing thousands more conversations 24/7 without the need for member service agents.
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SoFi Technologies, Inc. has been named to CNBC’s list of the World’s Top Fintech Companies 2023. SoFi obtained a national bank license in 2022, allowing the company to remain flexible and diversify its sources of funding. SoFi Checking and Savings offers a highly competitive annual percentage yield (APY) of up to 4.50% on savings balances for members with direct deposit.
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SoFi Invest: Survey Reveals 3,400 Americans' Investing Sentiment and Habits in 2023
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SoFi Technologies, Inc. reports record financial results for Q2 2023, with GAAP net revenue of $498 million and adjusted net revenue of $489 million, both up 37% YoY. Adjusted EBITDA also reaches a record high of $77 million, up 278% YoY. The company adds over 584,000 new members and nearly 847,000 new products during the quarter, with total members and products up 44% and 43% YoY, respectively. Total deposit growth is $2.7 billion, up 26% during the quarter to $12.7 billion. SoFi raises its full-year 2023 guidance.
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SoFi Technologies, Inc. (NASDAQ: SOFI) will host a conference call on July 31, 2023, to discuss its financial and operating results for the second quarter of 2023. The results will be released on the investor relations section of the company's website.
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FAQ

What is the current stock price of SoFi Technologies (SOFI)?

The current stock price of SoFi Technologies (SOFI) is $15.63 as of December 23, 2024.

What is the market cap of SoFi Technologies (SOFI)?

The market cap of SoFi Technologies (SOFI) is approximately 16.6B.

What services does SoFi Technologies, Inc. offer?

SoFi offers a range of financial services including personal loans, credit cards, mortgages, investment accounts, banking services, and financial planning.

When was SoFi Technologies, Inc. founded?

SoFi was founded in 2011.

Where is SoFi Technologies, Inc. headquartered?

SoFi is headquartered in San Francisco, California.

What was SoFi initially known for?

SoFi was initially known for its student loan refinancing services.

How does SoFi primarily operate?

SoFi operates primarily through its mobile app and website.

What is the significance of SoFi's acquisition of Galileo Financial Technologies?

The acquisition of Galileo Financial Technologies in 2020 enhanced SoFi's capabilities in payment processing and digital banking services.

What recent innovations has SoFi introduced?

SoFi has introduced new investment tools, expanded banking features, and strategic partnerships to enhance its service offerings.

How does SoFi support its members?

SoFi supports its members through community engagement, providing resources and tools to help them achieve financial success.

What can you find on SoFi's official website?

You can find the latest updates, performance metrics, and detailed information about SoFi's services and recent developments.

What is SoFi's mission?

SoFi's mission is to empower its members to achieve financial greatness through innovative products and exceptional service.

SoFi Technologies, Inc.

Nasdaq:SOFI

SOFI Rankings

SOFI Stock Data

16.60B
1.04B
3.2%
43.78%
13.7%
Credit Services
Finance Services
Link
United States of America
SAN FRANCISCO